Loan Comparison: 2.98% vs 6.5%
9580 Sedalia, Commerce City, CO 80022 · 3bd/3ba · $495,000
List Price
$495,000
Assumable Rate
2.98%
Remaining Balance
$372,295
Equity Gap
$123,519
Loan Type
FHAAdjust Your Scenario
$24,750
$24,750$123,519
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (FHA)
Blended Rate: 4.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 2.98% + gap loan
$2,325/moAssumed loan: $1,566/mo
Gap financing: $759/mo
$647less per month with the assumable
Your Savings on This Property
9580 Sedalia, Commerce City · 2.98% FHA vs 6.5% conventional
$647
per month
$7,767
per year
$233,011
over 30 years
$233,825
interest saved
How gap financing works: The equity gap ($123,519) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($98,769 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
🏠
Back to This Listing
View photos, details, and request a showing for 9580 Sedalia.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.